Maximizing ROI on a rental property (rent or sell)?Hi all,My wife and I are renting our house after moving out of the area. We are renting an apartment from a parent and have a low cost of living as a result.We have about $200k of equity in the property, and a great tenant who loves living there. We have refinanced at a low interest rate and the rent payment easily covers the mortgage and taxes.We have some debts from putting two kids through college that we'd like to pay off, and generally think that our equity could be put to better use than making 0-3% per year in the property. Additionally, we are having trouble getting a line of credit against the property as it is not our primary residence. The tenant, however, is not ready to buy and we would feel bad having her look for another place to live.So two questions:1 - Can someone help with a calculation to understand our current ROI on this investment?2 - What suggestions does anyone have to set up a long-term lease or rent-to-own scenario that might get us a reasonable infusion of cash up front? Current rent is ~$3,000/mo.Thanks!September 19 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.